Financial ManagementLaajuus (9 cr)

Objective

The students understand the role of financial management. They know the prerequisites of profitable and cost-effective business operations. They are able to prepare a budget and, based on it, calculate the price of a product and make justified suggestions for measures to be taken. The students are able to make basic bookkeeping entries on the basis of receipts/vouchers, prepare a statement of accounts, and understand the contents of financial reports. The students know the principles of value added taxation and corporate taxation and are able to utilise bookkeeping software. The students are able to assess their own learning in view of the objectives of the course.

Content

Financial Management: role and significance in business operations, marginal costing and parameters, pricing, preparation of budgets, registration of business transactions on the basis of receipts/vouchers, preparation of financial statements, basics of value added taxation and direct taxation, bookkeeping software

Qualifications

Basics of business operations

Assessment criteria, satisfactory (1)

Assessment is based on knowledge, skills and competence in accordance with the National and European Qualifications Framework, Level 6.The assessment criteria for individual courses are given in an annex to the implementation plan of the course.